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Geofin Comtrade has come out with its Pre-Budget expectations report on commodity market. "Market participants are expecting a positive action, especially considering the interest of the public and traders and not just economics and policy in the budget", says the report.

Gold in Singapore, which normally set price trend on the domestic front, climbed 0.9 percent to USD 1,211.84 an ounce and silver by 2.1 percent to USD 16.64 an ounce. In the national capital, gold of 99.9 and 99.5 percent purity recovered by Rs 100 each to Rs 27,070 and Rs 26,870 per ten gram respectively. It had lost Rs 315 in the last four days.

Gold in Singapore, which normally sets price trend on the domestic front, traded lower by 0.32 percent, to USD 1,197.90 an ounce. In the national capital, gold of 99.9 and 99.5 percent purity fell further by Rs 100 to Rs 26,970 and Rs 26,770 per ten gram respectively, a level last seen on December 9.

The trends leave some investors scratching their heads on how to play the commodities, if at all. Traders on CNBC's "Fast Money" offered some insight on what moves to make in the current oil and gold environments.

According to Angel Commodities, gold and silver prices are expected to be volatile with bias on the negative side as traders will exit their positions on year end caution while tensions between Russia and the US and uncertainty over Greece elections will lift the safe haven demand for the metal.

Reserve Bank of India (RBI) Governor Raghuram Rajan said the decision to scrap a rule mandating traders to export 20 percent of all gold imported into the country was a "reasonable" one and the government will review its gold import policies.

Gold in Singapore, which normally set price trend on the domestic front, climbed 0.9 percent to USD 1,211.84 an ounce and silver by 2.1 percent to USD 16.64 an ounce. In the national capital, gold of 99.9 and 99.5 percent purity recovered by Rs 100 each to Rs 27,070 and Rs 26,870 per ten gram respectively. It had lost Rs 315 in the last four days.

Gold in Singapore, which normally sets price trend on the domestic front, traded lower by 0.32 percent, to USD 1,197.90 an ounce. In the national capital, gold of 99.9 and 99.5 percent purity fell further by Rs 100 to Rs 26,970 and Rs 26,770 per ten gram respectively, a level last seen on December 9.

The trends leave some investors scratching their heads on how to play the commodities, if at all. Traders on CNBC's "Fast Money" offered some insight on what moves to make in the current oil and gold environments.

According to Angel Commodities, gold and silver prices are expected to be volatile with bias on the negative side as traders will exit their positions on year end caution while tensions between Russia and the US and uncertainty over Greece elections will lift the safe haven demand for the metal.

Reserve Bank of India (RBI) Governor Raghuram Rajan said the decision to scrap a rule mandating traders to export 20 percent of all gold imported into the country was a "reasonable" one and the government will review its gold import policies.

Source:Market Watch - SAN FRANCISCO (MarketWatch) — Gold futures extended their gains to a fourth-straight session on Monday to settle at the highest in more than two-and-a-half months as Chinese buyers returned to the market following the recent Lunar New Year holiday. Gold traders also bid